Paper Chase Ends Happily
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The acquisition is being financed through commitments provided by Morgan Stanley and J.P. Morgan.
The winning bid in the long-running hostile takeover attempt, which at times was reminiscent of the Hatfields and the McCoys, sent Willamette shares skyrocketing from the $47 range to just under the $55.50 mark. Weyerhaeuser was trading at $57.86 as of January 31.
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